In the case of agricultural work, the gap between states paying the lowest and highest amount per day was still 3.3 times in 2023-24, slightly lower than 3.8 times in 2014-15
According to the global financial services major, domestic factors are likely to shape India's economic growth prospects amid global economic and political uncertainty and hence, performance of monsoon has gained importance in this fiscal year.
Data for second quarter GDP is likely to be announced later this week.
"Based on Q1 GDP numbers at 5.7 percent, we are now revising our forecast for the full fiscal growth to 5.78 percent," SBI Research's Soumya Kanti Ghosh said in a note
A CNBC-TV18 poll estimates Q1 FY15 GDP growth to come in at 5.8 percent versus 4.7 percent year-on-year and 4.6 percent quarter-on-quarter, the highest in 10 quarters. The broad range for the Q1 GDP is 5.4-6 percent.
Atsi Sheth, vice-president - senior analyst, sovereign risk group of Moody's says growth will be significantly higher in Q1, but there are risks to agricultural output and the services sector in this quarter and hence the conservative expectation.
Samiran Chakrabarty says the 3.9 percent growth in trade, hotels, transport, communication, which is a proxy of consumption implies that consumption has got significantly impacted.
C Rangarajan sees second half of the year to be better than first half, primarily because of agriculture growth. Manufacturing will also see a pick up in from third quarter onwards.
Experts tell CNBC-TV18 that the GDP growth figure for the third quarter, due tomorrow, could be as low at 6.4%.
Robert Prior-Wandesforde, head of India & South East Asia economics at Credit Suisse spoke to CNBC-TV18 about how he reads the India-GDP estimates and what the scene is, going ahead.